Property | Business Post

Dublin City Council green lights Larry Goodman’s Kildare Street office project

Long-planned project will see former Kildare Street Hotel converted to a new interlinked office building

Proportion of British homes for sale with prices slashed ‘highest in over a decade’

The average size of price reductions was 6.2 per cent

Chinese police detain Evergrande wealth unit staff

Shares in the property development fund plunged before recovering

Fine art auctions: Three lots to give a little excitement, and all under €1,200

A marble bust, a flash of kingfisher colour on canvas and a late medieval coin go under the hammer

Cairn Homes chief gets first tranche of possible €7m share bonus scheme

Michael Stanley was awarded the shares under a recently-unveiled long term investment plan

Events calendar

China slowdown could have impact on world economy

Several major banks have cut their forecasts for the world’s second biggest economy after figures show its post-Covid bounce-back failed to materialise

House prices climb by 2.2 per cent in June despite biting ECB rate hikes

The annual rate of inflation eased significantly from 14.1 per cent a year earlier as borrowing costs rose

House prices in Britain continue to fall – report

The average value of a home declined 0.3 per cent

Ires Reit reports loss of €43.9 million driven by asset revaluation

The company reported net rental income of €34.3 million after year-on-year growth

Investment in commercial property down 73% on Q2 last year - BNP Paribas

Irish market suffered third sharpest slowdown in spending across Europe in Q2

Developer moves to block fast-track affordable home scheme in Dundrum

Mark Leonard of Centurion Homes appeals An Bord Pleanála decision allowing Land Development Agency to build 852 homes on former Central Mental Hospital site

Apartment completions fall almost 20% compared to same period last year

The highest number of completions of new dwellings in Ireland was in the Glencullen-Sandyford area of Dublin

Irish property lender Onate launches €100m bond programme

Company provides property bridging loans and is the third most active non-bank lender in the country

Ballymore sells majority stake in British property management firm

Buyout of company with 11,500 homes in its portfolio led by current managing director following strategic review of business

Court orders developer Paddy Byrne to relinquish control of Dublin apartment block

The case centres on a dispute between Victoria Homes and Lotus Investment Group, its long-term lender

House prices down 0.2 per cent in Dublin, up 2.4 per cent nationally

The cost of a home outside the capital increased by 4.5 per cent in the year to May, with the west seeing the largest increase in prices at 5.7 per cent

China’s economy grows by less than forecast in Q2 due to weaker retail sales

Chinese GDP expanded by 6.3 per cent in the second quarter of 2023, which was significantly lower than the 7.1 per cent growth forecast by analysts

Commercial Property

Commercial property spend down €985m in first half of year amid ‘muting’ of investor activity

Just 26 deals with a combined value of €333 million were closed between April and June of 2023, according to Sherry Fitzgerald Group, with Q2 activity drastically down from Q1

Fall in house prices this year ‘still plausible’ but less likely: MyHome report

Asking prices for homes around the country were up by 2.2 per cent in the second quarter of the year, the study found